The Securities and Exchange Commission and the Commodity Futures Trading Commission said Friday (Sept. 5) that they aim to harmonize their regulations to provide markets with clarity and bolster the strength of America’s capital markets. Get the Full Story Complete the form to unlock this article and...
Microsoft and the European Union have reportedly reached a settlement in which the tech giant will avoid an antitrust fine by agreeing to sell its Teams videoconferencing app separately from its Office packages. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Financial Industry Regulatory Authority (FINRA) is reportedly investigating misconduct allegations against two former executives of collapsed banking-as-a-service (BaaS) provider Synapse Financial Technologies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Stripe said in comments submitted to the Consumer Financial Protection Bureau (CFPB) that while the regulator finalizes its revisions to the open banking rule, Rule 1033, it should ensure that banks do not “unlawfully charge access fees” for connecting consumers’ bank accounts to the financial...
Two banks were rated “outstanding” and nine were rated “satisfactory” in the latest list of banks examined for Community Reinvestment Act compliance by the Office of the Comptroller of the Currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
U.S. banking regulators are reportedly focusing on key financial metrics and limiting their scrutiny of non-core banking issues like reputational risk, climate change risk, and diversity, equity and inclusion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Watch more: Visa Links Strong Compliance to Higher Issuer Customer Lifetime Value Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
When the European Commission announces the penalties in an antitrust case involving Google’s AdTech business in the coming weeks, it will reportedly order the company to pay a “modest” fine and will not require it to sell part of its AdTech business. Get the Full Story Complete the...
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued a warning that Chinese money laundering networks are now among the most significant threats to the U.S. financial system, fueling operations of Mexico’s most powerful drug cartels. Get the Full Story Complete the form to...
